What Calgary foreclosures really sell for
Foreclosures have a reputation as bargains. The sold prices tell a more careful story. These are every court-ordered and bank-owned home that sold in Calgary over the last 12 months, from the Pillar 9™ MLS® System, as of November 15, 2026.
By type of sale and home
| Sold | Median price | % of asking | % of original asking | Above asking | Median days on market | |
|---|---|---|---|---|---|---|
| Court-ordered sales | 74 | $500,500 | 97.2% | 96% | 26 | 54 |
| Bank-owned | 39 | $285,000 | 95% | 93.8% | 4 | 27 |
| Houses | 54 | $536,335 | 99.1% | 98.4% | 20 | 50 |
| Condos | 38 | $222,000 | 93.8% | 92.9% | 4 | 58 |
| Townhouses | 11 | $280,000 | 96.3% | 95.7% | 2 | 61 |
| Duplexes | 10 | $762,833 | 99.2% | 99.2% | 4 | 44 |
"% of asking" compares the sale price with the last asking price; "original asking" is the first price the home was listed at. Median = the middle sale.
What the numbers say
Court-ordered sales are often bid up. 26 of the 74 court-ordered sales (35%) sold for more than their asking price. All offers go before the judge on the court date, and competing offers often push the price up. A low list price is where the bidding starts, not where it ends.
Bank-owned homes negotiate more like regular sales. They sold at a median of 95% of asking, and only 4 of 39 above asking, usually within about 27 days. The bank can counter-offer and will usually accept the normal conditions.
A foreclosure is not automatically a deal. Lenders and the courts set prices from appraisals and market evidence. The savings, when there are any, usually come from condition: a home sold as is, often vacant, sometimes needing work that keeps other buyers away. Before you offer, compare the home with what similar homes actually sold for nearby. Every listing on this site shows those numbers.